New Jersey § 3b:31-36

§ 3b:31-36.

Spendthrift Provision. a. A spendthrift provision is valid only if it restrains both voluntary and involuntary

transfer of a beneficiary's interest. b. A term of the trust providing that the interest of a beneficiary is held subject

to a “spendthrift trust,” or words of similar import, is sufficient to restrain both

voluntary and involuntary transfer of the beneficiary's interest. c. A beneficiary may not transfer an interest in a trust in violation of a valid spendthrift

provision and, except as otherwise provided in this article, a creditor or assignee

of the beneficiary may not reach the interest or a distribution by the trustee before

its receipt by the beneficiary. d. A spendthrift provision is valid even though a beneficiary is named as the sole

trustee or as a co-trustee of the trust. e. A valid spendthrift provision does not prevent the appointment of interests through

the exercise of a power of appointment.